SMSF annual return for newly registered funds due soon

If you have newly registered self-managed super fund (SMSF), your self-managed super fund (SMSF) annual return 2012 is due on 28 February 2013. You need to ensure you leave enough time for the audit report to be completed to enable lodgment…

Increase in the value of a penalty unit from 28 December 2012

The penalty for tax law breaches is getting higher. On 28 November 2012, the Crimes Legislation Amendment (Serious Drugs, Identity Crime and Other Measures) Bill 2012 received royal assent. This Act increases the value of a penalty unit…